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Update: The public offer for the Chairman’s Preferred US Airways Dividend Miles Premier World Mastercard has expired, but you still might be able to apply for it – check out this post for more information on it as well as a version of the card that comes with 35,000 bonus miles and the first year’s annual fee waived. The current offer is 40,000 bonus miles with first purchase and up to 10,000 bonus miles for a balance transfer within 90 days and an annual fee of $89 that is not waived.
Up until now the best offer for the US Airways Dividend Miles Premier World MasterCard was the special Chairman’s Preferred offer as I wrote about in this post (which you didn’t actually need Chairman’s Preferred status to get).
However, that link now shows the offer as expired (coincidentally on the day of the merger announcement?). If anyone has a working link please share it in the comments section below, otherwise the best working offer to my knowledge is 40,000 miles after your first purchase and up to 10,000 miles for a balance transfer. If you go directly through the US Airways website, the offer is only for 30,000, so my affiliate link is actually a better deal.
Update: If you already have Chairman’s Preferred status, the 60,000 mile sign up bonus may still show up. I do not have that status so I can’t guarantee that it will work, but comment below if this has happened to you.
As far as the 10,000 miles for a balance transfer, I would not recommend doing that because there is a 4% fee to complete the transfer, which would totally negate the value of any miles received. Still, 40,000 miles with no spend requirement is a pretty decent offer- especially if you are looking to build up your AA balance, since we should see the availability to transfer between US and AA hopefully by the end of the year.
American and US Airways executives did not talk about who would keep the credit card relationship post merger, but my bet is on Citi who currently manages Americans credit card portfolio. Though the merger is expected to take a while, the US Airways brand (and credit card product), will cease to exist at a certain point. Continental’s stuck around for a little while after the merger, but is no longer an option. For the top Citi AA offers check out this post to get up to 50,000 miles per card.